Abstract

This article shows some important aspects of a worldwide, historical phenomenon: the globalization of commerce and art which started in the second half of the sixteenth century and had the American, Asian and European territories of the Hispanic Monarchy as main protagonist during the Early Modern Era. The international exchanges –basically, American silver in return for more or less luxurious goods from Asia- that followed the discovery by Urdaneta, in 1565, of the “tornaviaje” between Manila and Acapulco had a profound influence on the forms of production and consumption in both the Old World and the New. Spanish economists and economic historians have probably underscored the historical significance of these unprecedented interactions. The central role played by the Viceroyalty of New Spain in this globalization has perhaps not been properly valued either.

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